Low Income Apartments and Affordable Housing For Rent in Trout Creek, MT

Discover affordable housing in Trout Creek where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Teddy Roosevelt House

107 Pine Street, Trout Creek, Montana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Trout Creek, Montana
$17.14/hour
$13.14 (+329%) more than Montana minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Trout Creek, Montana Affordable Housing ↓

What HUD offices serve Trout Creek, Montana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Trout Creek, Montana.

Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Trout Creek.

How many renters live in Trout Creek, Montana?

The City of Trout Creek has 298 people living in 117 households.

There are 7 renters living in 7 renter households in this City. Renters make up 2.35 percent of the population living in Trout Creek.

What is the rental market like in Trout Creek, Montana?

There are an estimated 137 housing units in the Trout Creek area. Of these, 7 units are rental homes, making up 5 percent of the housing market. For every renter household in Trout Creek, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Trout Creek?

The rental vacancy rate in Trout Creek is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Trout Creek for each bedroom size?

Occupied Rental Units by Size in Trout Creek
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 0 3 0
Occupied Rental Units by Size in Trout Creek

A large number of apartments in Trout Creek have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Trout Creek are overburdened by housing costs?

Among renter households in this market, 57 percent have housing cost burden. Further, 57 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Trout Creek

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $692 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $692
One BR $726
Two BR $905
Three BR $1,189
Four BR $1,536
2024 Fair Market Rents in Trout Creek, Montana

How many units are rented at Fair Market Rent (FMR) in Trout Creek?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 4 100 percent
Rental Units Below FMR in Trout Creek, Montana

How many affordable rental units are in Trout Creek?

Income Based Apartments in Trout Creek, Montana

Trout Creek features 4 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Trout Creek, Montana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Trout Creek.

Housing Choice Vouchers in Trout Creek, Montana

On average, Section 8 Housing Choice vouchers pay Trout Creek landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Trout Creek.

The maximum amount a voucher would pay on behalf of a low-income tenant in Trout Creek, Montana for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.